The Dayton Development Coalition’s Accelerant Fund closed out 2021 fully invested with a strong portfolio of companies. The fund continued its strong focus on health care technology and devices with follow-on investments in companies like Sentinel Occupational Safety and Healthy Roster.
The 2021 metrics spoke for themselves:
- $7.6 million committed since beginning of fund.
- $5.4 million in sidecar investments since fund inception.
Standard Bariatrics gains FDA approval and reaches sales milestone
In April 2021, Standard Bariatrics, a Cincinnati-based medical device company, announced its novel Titan SGS stapling technology, designed specifically for bariatric sleeve surgery, was cleared by the U.S. Food and Drug Administration (FDA). The Titan SGS first-of-its-kind design offers surgeons performing sleeve gastrectomy procedures the industry’s longest continuous staple cutline of 23 centimeters. Surgeons can complete the sleeve pouch anatomy in a single firing, reducing the risk of anatomy variations associated with multiple, overlapping short-cartridge staple lines.
“This clearance marks another important milestone in our mission to create solutions that can lead to more consistent and repeatable bariatric surgery outcomes,” said Dr. Jonathan Thompson, founder and chief medical officer of Standard Bariatrics. “The Titan SGS stapling technology is the natural evolution of the Standard Clamp anatomy-based approach to sleeve gastrectomy, which has been successfully used in more than 10,000 procedures.”
In November, Standard Bariatrics announced it reached a $1 million sales milestone during for the Titan SGS, after the surgical stapler was first used in gastric sleeve surgery on August 24, 2021 following the FDA clearance.
Bariatric surgeons across the country including California, Florida, Ohio, Kentucky, Alabama, Michigan and North Carolina have used the Titan SGS.
Healthy Roster launches Safety Ally
Healthy Roster entered the workplace safety marketplace with Safety Ally to prevent workplace injury and provide a telehealth platform for visual injury assessment, tracking, training and education, ongoing wellness checkups and more. The new product has attracted VIP customers with more pilots in the works.
IncludeHealth broadens its reach
IncludeHealth has evolved from designing and building the world’s first accessible and connected functional training equipment to its current pursuit of providing integrated digital musculoskeletal (MSK) care, supporting patients, providers and payers. The company partnered with Google and ProMedica Health System to develop and launch a musculoskeletal (MSK) operating system that any provider can use to offer integrated virtual physical care for MSK patients. The new MSK-OS will deliver personalized, measured care on any device, at any location, at any time.
Sense Diagnostics completed its emergency department/emergency medical services prototype for its non-invasive headset and began a pivotal trial for in-hospital monitoring
The headsets are designed to detect and monitor strokes and traumatic brain injury, as well as differentiate between the two. The device uses nine antennae that alternately transmit and receive a safe, low-power radio frequency (RF) pulse across the patient’s brain.
Healthy brain tissues have unique electrical properties that alter the RF wave as it passes through the tissue. Similarly, hemorrhages and ischemic tissue cause distinctive changes to the RF signal.
A proprietary algorithm classifies stroke by subtype: intracerebral hemorrhage (ICH), large vessel occlusion (LVO) or non-LVO. It can perform a single scan in 2.5 seconds, provide 360 data points per scan, and analyzes the entire cranial vault
The headset was named one of the Top 5 Neurological Devices in the World by StartUs Insights. The company secured a $2.43 million Defense Department contract and raised an additional $3.5 million in funding in 2021.
The Dayton Development Coalition offers personalized assistance to businesses exploring opportunities in the Dayton region, and support for growing businesses large and small. Learn how the Dayton region’s reduced operating costs, competitive wages, access to markets and talented workforce can benefit your business and how we can help lay the groundwork for success.
The mission of the Dayton Development Coalition is to recruit, expand and retain jobs in the Dayton region. A nonprofit economic development organization, we are a regional network partner for JobsOhio, we support Wright-Patterson Air Force Base and other federal installations in the 14-count region in Southwest Ohio.